VII. Proposal Alternative No. 1 (in case the decision of point VI is not adopted by unanimity of

those present): Election of independent members of the Board of Directors for the period

December 2012 - March 2013

VIII. Proposal Alternative No. 2 (in case the decision of point VI is not adopted by the unanimity

of those present): Election of the non-independent members of the Board of Directors for

the period December 2012 – March 2013

Elections

EXTRAORDINARY SHAREHOLDER’S MEETING CANDIDATES NOMINATION OF THE BOARD OF DIRECTORS

NOMINATION OF CANDIDATES TO THE BOARD OF DIRECTORS

Dear Shareholders:

The Board of Directors of the BVC authorized the management to convene for an extraordinary shareholders’ meeting to submit for your consideration the resignation of one of its Board members and elect his replacement, using the legal procedures.

For the nomination procedure, the shareholders must submit to the General Secretary of the BVC, no later than the day before mentioned, the list of nominated candidates for (independent and non-independent), accompanied by the resume form with their annexes, together with the Declaration of Independence required for candidates who aspire to become independent members of the Board of Directors of Bolsa de Valores de Colombia S.A.

To view and download the mentioned forms, click in the following documents:

Selected

Appointment of Board of Director Member Replacement

The General Assembly of Shareholders unanimously appointed Dr. Juan Luis Franco Arroyave as a non-independent member of the Board of Directors of the Colombian Securities Exchange for the December 2012 – March 2013 period, replacing a member of the Board of Directors whose resignation was accepted.

For this period, the Board of Directors of the Exchange is formed as follows:

Members having NON-independent status:

- Rafael Aparicio Escallón

- Emilio Echavarría Soto

- Juan Luis Franco Arroyave

- Ricardo Arango García

- Néstor Hincapié Vargas

- Germán Salazar Castro

Independent Members

- Sergio Clavijo Vergara

- Carlos Eduardo Jaimes Jaimes

- Roberto Junguito Bonnet

- Juan Camilo Vallejo Arango

- Julián Domínguez Rivera

- Javier Jaramillo Velásquez

- Santiago Montenegro Trujillo

Powers-of-attorney for the assembly

Models

odels for Powers-of-Attorney

According to the provisions of Art. 35 of the Exchange Bylaws, absent or incapacitated shareholders may attend the General Shareholders Meeting through a representative or attorney-in-fact, but subject to the following rules:

a. Except in the case of legal representation, neither management nor the employees of the company will be able to represent other shareholders while they are in their positions, nor substitute the powers conferred on them.

b. Each shareholder may be represented at the Meetings via a power of attorney issued in writing and stating the name of the proxy, the person entitled to replace them, if relevant, and the date or period of the meeting or meetings for which this power is granted. The powers granted outside of the country will only require the formalities that are contemplated here.

Taking the preceding into account, you will find below the models of powers-of-attorney that may be used at the Extraordinary General Shareholders’ Meeting on December 21st, 2012: